Tinubu Appoints Yakubu as New Budget Office Chief

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Tinubu has Appointed Yakubu as New Budget Office Chief. 

President Bola Tinubu has appointed Mr. Tanimu Yakubu as the new Director-General of the Budget Office of the Federation. Yakubu succeeds Mr. Ben Akabueze, whose tenure has recently concluded. This announcement was made in a statement on Thursday by Ajuri Ngelale, Special Adviser to the President on Media and Publicity.

Mr. Yakubu, an esteemed economist with a notable career in public service, brings extensive experience to his new role. His previous positions include serving as Chief Economic Adviser to a former President, Managing Director of the Federal Mortgage Bank of Nigeria, and Commissioner of Finance, Budget, and Economic Planning in Katsina State. This diverse background equips him with the expertise necessary to steer the Budget Office towards greater efficiency and effectiveness.

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The President has expressed high expectations for Yakubu, emphasizing the need for enhanced efficiency and quality in budgetary functions. Tinubu aims to see improvements in fiscal sustainability, transparency, and accountability in public finance management, which are crucial for national development.

“President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze,” the statement read. “Mr. Yakubu is an accomplished economist and was Chief Economic Adviser to a former President from 2007 to 2010; Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003.”

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Mr. Yakubu holds a Master of Business Administration degree in Finance from Wagner College, Staten Island, New York, and a Bachelor of Science degree in Economics from the same institution. His educational background, combined with his extensive professional experience, positions him well to meet the challenges of his new role.

Tanimu Yakubu named New Budget Office Chief.

In his statement, President Tinubu also extended his gratitude to the outgoing Director-General, Mr. Ben Akabueze, for his dedicated service. Tinubu commended Akabueze for his contributions and wished him success in his future endeavors.

The appointment of Mr. Yakubu comes at a critical time when Nigeria faces significant economic challenges. The new Director-General’s role will be pivotal in shaping the country’s fiscal policies and ensuring that public finances are managed effectively to promote sustainable economic growth.

As Mr. Yakubu takes on his new responsibilities, stakeholders and the public will be watching closely to see how his leadership impacts the Budget Office’s operations and Nigeria’s broader economic landscape. His success in this role will be crucial in achieving the administration’s goals of fiscal prudence, transparency, and accountability in government spending.

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